2006-11-01 10:11:40 · 12 answers · asked by miria k 1 in Business & Finance ➔ Other - Business & Finance
lack of funds in ones account maybe
2006-11-01 10:13:40 · answer #1 · answered by Smurfett 4 · 1⤊ 0⤋
It is due to insufficient funds. The bank will send the cheque to payee's home address and possibly even telephone you. Depending on your bank the charge will vary usually £5 or £10. Then it is up to you to get the money from the person who gave you the cheque.
2006-11-01 18:26:34 · answer #2 · answered by sonic 4 · 0⤊ 0⤋
The person who gave you the cheque would not have had enough money in his account to pay the amount on the cheque. If the bank know there will be a deposit into the account with in a couple of days (i.e. a salary cheque) they will sometimes pay it out, when they do not, it usually means that their customer owes money elsewhere.The bank will then return the cheque to the .account holder. It is the account holder who is charged a handling fee by the bank, because of its` return.It is then the job of the account holder to get payment of the cheque, from the person who gave him the dishonourable cheque.
2006-11-01 18:44:29 · answer #3 · answered by Social Science Lady 7 · 0⤊ 0⤋
Insufficient funds in the drawer's account, resulting in the cheque being "bounced". any error on the cheque can also result in it being bounced, most commonly the cheque has not been signed, or the amount in words does not match the amount in the box, or the cheque has been post-dated, so it can't be cashed yet. All of these are common. Also if it appears that the cheque has been tampered with in some way e.g. if it looks like the amount has been changed.
2006-11-01 18:28:22 · answer #4 · answered by katy1pm 3 · 0⤊ 0⤋
The main cause for returned checks is Insufficient Funds-- this check will be returned to the bank and the bank will then charge this check back to the customer of the bank.
2006-11-01 18:13:44 · answer #5 · answered by emoody 1 · 1⤊ 0⤋
If you payed a cheque into your account and it was returned they would return the cheque to you .. you would have to contact the person u recived the cheque from
They will be charged a fee for this but u will be charged nothing
2006-11-01 18:13:58 · answer #6 · answered by kirsty d 2 · 1⤊ 0⤋
Normally, but not always insufficient funds, might also be that the cheque wasn't filled out or written properly or that the writing on it was illegible.
2006-11-01 18:21:36 · answer #7 · answered by Digger 4 · 0⤊ 0⤋
Insufficient funds, account closed, filled in incorrectly (date not right, amount & words not matching - eg £50 in the box, but not FIFTY POUNDS written on the cheque).
2006-11-01 18:26:12 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Insufficient funds in the account!
2006-11-01 19:09:51 · answer #9 · answered by Robert B 3 · 0⤊ 0⤋
insufficient funds and it is returned to its rightful owner, the payee
2006-11-01 18:21:12 · answer #10 · answered by Klamidia 2 · 0⤊ 0⤋